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HomeMy WebLinkAboutRES 900204 - Promote Industry DevelopmentRESOLUTION NO, qGU�o A RESOLUTION ;AUTHORIZING THE CITY of GEORGETO(OJ, TEXAS TO ENTER INTO AN :AGREEMENT FOR SERVICES WITH THE GEORGETOWN INDUSTRIAL FOUNDATION FOR PROMOTION OF INDUSTRIAL DEVELOPMENT AND AUTHORIZING THE MAYOR TO EXECUTE SHE AGREEMENT: WHEREAS, the City of Georgetown, Texas (CITY) seeks to promote industrial development; and WHEREAS, the Georgetown Industrial Foundation (FOUNDATION) also seeks to promote industrial development; and WHEREAS; the CITY desires to enter into a contract for services with the FOUNDATION and provide funds to the FOUNDATION in an amount not to exceed $46,500,00; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: Section I, The City Council of the City of Georgetown approves the Agreement between the City of Georgetown and the Georgetown Industrial Foundation, attached hereto and incorporated herein as if fully set forth at length and commits to providing an amount not to exceed $46,500,00 in funding, Section IL The Mayor be authorized to execute the Agreement and the City Secretary to attest thereto, RESOLVED this the 164 day of 1jLaL 1990, Elizabeth G, Gray City Secretary